Terri Friedline Discusses the Benefits of Public Banking on Marketplace

Associate Professor Terri Friedline spoke with “Marketplace” about the benefits of public banking, especially given the recent turmoil in the banking sector. Not only would public banking provide a full range of services to underserved communities, but they also generally offer more safety than private banks. “State- and municipal-owned banks are intended to be publicly accountable, transparent, democratic,” Friedline said.